Stokvels Schemes in Support of Entrepreneurship in South Africa

Viac o knihe

Exploring the resilience of stokvels in South Africa, this book highlights their role as vital financial institutions in Black communities, contrary to expectations of their decline with increased access to formal banking. Stokvels, which facilitate significant informal fund exchanges, are particularly influential among women, providing essential financial support for entrepreneurship and survival. Over time, they have evolved into diverse savings and credit organizations, earning recognition from the South African Reserve Bank as key players in the informal financial sector.